| Principles of Macroeconomics (Eco 200-800) | SUNY-Oswego |
| Solutions will be posted by Fri., May 5, 2000 | Ranjit Dighe |
I. BY THE BOOK
A. Case & Fair (5th edition),
Chapter 20: #4
B. Case & Fair, Chapter 21: #1,
3, 4
II. GERMANY AND JAPAN, MADE ME FEEL
SO SMALL
| Date and currency | Price (US $ per unit of foreign currency) | Price (foreign currency per US $) |
| November 1997 | ||
| ..... Germany (marks) | $0.5948 | ______________ |
| ..... Japan (yen) | __________ | 135.25 |
| November 1994 | ||
| ..... Germany (marks) | __________ | 2.9886 |
| ..... Japan (yen) | $0.0041098 | ______________ |
A. Fill in the four blank spaces above. (Hint: One word -- reciprocal.)
B. 1. A Mitsubishi VCR costs 20,000 yen
in Japan. How much would this TV cost in U.S. dollars in November 1997?
In November 1994?
B. 2. A Dell personal computer (American)
costs $1500. How much would this computer cost in Japanese yen in November
1997? In November 1994?
B. 3. A bottle of Schneider Riesling white
wine costs 30 marks in Germany. How much would it cost in U.S. dollars
in November 1997? In November 1994?